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Fla. real estate to shine in '12?


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  • | 5:18 p.m. January 9, 2012
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Real estate in each of Florida's four largest metro markets could see some of the nation's highest rates of price appreciation in 2012, a California-based research firm predicts.

The latest Home Data Index Market Report from Clear Capital projects 7.4% price growth for real estate in Tampa Bay over the course of 2012, the sixth-highest growth estimate out of the 50 largest metro markets in the U.S.

Another Florida metro tops the growth projection rankings: Orlando, which could see 11.7% price appreciation by Clear Capital's estimate.

Miami is ranked fifth, with a 8.8% growth projection, while Jacksonville ranks eighth, with a 4.3% growth estimate.

Those four markets were all among the top 15 best performing metros in 2011, Clear Capital says -- despite the fact that Tampa prices fell 0.6%. Only 14 U.S. metros saw prices increase in 2011, including Orlando (6.7%, ranked 2nd), Miami (5.6%, ranked 3rd), and Jacksonville (1.7%, ranked 11th).

 

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